Global Anti-Aging Market Size Worth $88.1 Billion by 2028 | CAGR: 6.9%: Vantage Market Research
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WASHINGTON, Sept. 26, 2022 (GLOBE NEWSWIRE) -- A Comparative research study carry out by Vantage Market Research is database of 350 pages, titled as “Anti-Aging Market” with graphs & figures spread through pages, 100+ market data Tables, Pie Charts, and simple to understand comprehensive analysis. Anti-Aging Market research report is delivered with commitment depending upon the reader needs. With the defined historic year and the base year, assessments and calculations are performed in this market report. Market size and share analysis and key trend analysis are the prime accomplishing factors in this market research report. Such report helps to recognize how the market is going to perform over the forecast period by giving information about market definition, applications, segmentation and engagements. VMR team provides Anti-Aging industry document with loyalty and devotion that is promising and the way in which expected.
Vantage Market Research analyses that the Anti-Aging Market revenue was valued at USD 59.1 Billion in 2021, would soar up to USD 88.1 Billion by 2028, is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period 2022 to 2028.
The Global Anti-Aging Market was valued USD 59.1 Billion in 2021 and is all set to surpass USD 88.1 Billion by 2028, exhibiting a CAGR of 6.9% during the forecast period 2022-2028.
In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Anti-Aging industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.
Market Dynamics:
Rising Demand for the Anti-stretch Mark and Anti-wrinkle Products to Drive the Market Growth
Stretch marks are generated when the skin stretches or shrinks quickly. The sudden changes lead in collagen and elastin to split which supports the skin. The growing demand for anti-stretch mark products is owing to the increasing rate of obesity, particularly among the aging population. Further, the growing inclination of major key players on the launch of advanced devices and products for the treatment of stretch marks are anticipated to fuel the growth of the market in the years to come. On the other hand, the anti-wrinkle products are also anticipated to witness a notable growth rate owing to the growing awareness regarding the availability of products and the increasing older population. Thus, owing to the aforementioned factors, the market is expected to grow significantly over the forecast period.
Growing Emphasis on Promotional Strategies to Stimulate Market Growth
Owing to the presence of many competitors in the Global Anti-Aging Market, competition has increased, resulting in the use of enhanced marketing and promotion techniques. The main aim of marketing and promotions is to create an image in the mind of potential consumers and reach many consumers to increase the customer base. Each company is working toward capturing more market share and attracting customers to its brand. Also, the advancements in technology, as well as huge investments in research and development activities, have led to the introduction of new anti-aging treatments and products, such as plastic surgeries, breast implants, botulinum toxin injection therapies, etc. which offer long-term results. Strict rules and regulations have encouraged the manufacturers to introduce safer and more efficient anti-aging products which provide quick results to the consumers, in turn, increasing the growth prospects of the market.
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the healthcare industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics
The report on Anti-Aging Market highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
Regional Analysis:
North America Dominated the Global Anti-Aging Market
North America dominated the Global Anti-Aging Market in 2021 and is likely to continue the same trend during the forecast period. China, South Korea, Japan, and India are observed to be the most attractive destinations for cosmetic surgeries, and governments of these countries are promoting medical tourism for cosmetic surgeries which is believed to be one of the market drivers for this region.
Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on "Anti-Aging Market Size, Share & Trends Analysis Report by Product (Anti-Wrinkle, Hair Color, Ultraviolet (UV) Absorption, Anti-Stretch Mark), by Treatment (Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation), by Demography (Generation X, Baby Boomers, Generation Y, Generation Z), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
Recent Developments:
April 2020: Galderma SA received approvals from the National Medical Products Administration (NMPA) of China for three products, namely Restylane Vital, Restylane Lidocaine, and Restylane Lyft Lidocaine, which helped in the expansion of the Restylane portfolio in China. These products were developed to improve skin appearance and act as a skin booster.
October 2019: The Cynosure division of Hologic Inc. launched a non-invasive electromagnetic technology, called Stim Sure, in Europe and the Middle East. The technology helps strengthen and tighten muscles in the abdominal, gluteal, and thigh areas by stimulating or contracting the muscles. It delivers up to 24,000 muscle contractions in 20–30 minutes, for natural-looking results.
Key Questions Answered in The Report:
Which region will show the fastest and highest growth in the near future?
Which are the top five players and their weakness and strength of the Market?
What will be the future innovation in the upcoming six years?
Which application and product will lead the largest share of the Market?
What are the growth drivers, restraints and challenges of the industry?
What will be the CAGR and size of the Anti-Aging Market for the base year and forecast period?
This market titled “Anti-Aging Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
• Product
° Anti-Wrinkle
° Hair Color
° Ultraviolet (UV) Absorption
° Anti-Stretch Mark
° Others
• Treatment
° Hair Restoration
° Anti-Pigmentation
° Adult Acne Therapy
° Breast Augmentation
° Liposuction
° Chemical Peel
° Others
• Demography
° Generation X
° Baby Boomers
° Generation Y
° Generation Z
• Region
° North America
° Europe
° Asia Pacific
° Latin America
° Middle East & Africa
Region & Counties Covered
• North America
° U.S.
° Canada
° Mexico
• Europe
° U.K
° France
° Germany
° Italy
° Spain
° Rest Of Europe
• Asia Pacific
° China
° Japan
° India
° South Korea
° South East Asia
° Rest Of Asia Pacific
• Latin America
° Brazil
° Argentina
° Rest Of Latin America
• Middle East & Africa
° GCC Countries
° South Africa
° Rest Of Middle East & Africa
Companies Covered
• The Procter & Gamble (P&G) Company
• Nu Skin Enterprises Inc.
• Hologic Inc.
• Unilever Group
• Pierre Fabre S.A.
• Galderma S.A.
• Shiseido Company Limited
• Candela Corporation
• Home Skinovations Ltd.
• Allergan PLC
• The Estée Lauder Companies Inc.
• Light Stim
• Spectrum Brands Holdings Inc.
• Project E Beauty
• Jeisys Medical Inc.
• Cyden Limited
• FOREO AB
• Koninklijke Philips N.V.
• Amorepacific Corporation
• Beauty Bioscience Inc
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
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Top Companies in Anti-Aging Market | Top Key Players In-depth Research Report by Vantage Market Research | Past Data, Price Analysis, Company Market Share, Competitor Analysis.
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